EOU

Tell me your existing trading activities, becuase procedure is different for all.

I hve 3 co's. Co. A, Co.B & Co.C. Co. A is mine owner, Co. B is Contractor & Co. C is Exporter. In co.A ,Mr.A is 100% owner, In Co. B Mr.B is 100% owner & in Co. C Mr.A & Mr. B is 50% - 50% partner. Co is dealing in Iron Ore. Now give me advise wether Co. C is able to register as 10% EOU as it is purchase from Co.A.

You going to take a IEC code

How to take Import Export Code to follow the link

URL https://www.ieready.com/eou.html

Its help you and any clarification revert back.

Any company can be converted to 100% EOU. However, it has to be examined as what is the benefit which will accrue to a unit after converting to 100% EOU.

100% EOU scheme is useful to the units having major export market, and in need of imported raw material and capital goods. Company C as exporter can become a 100% EOU, but it does not need to import anything (i m presuming mines are in india). The only benefit it will get is income tax exemption for some time- till 2010.

We have a 100% and now we would like to do some trading activity as well. We would like to make a trading unit of our existing EOU.

Can you tell us if we need a new IEC code or can we do some amendments in our existing IEC.